Why These Energy Stocks Are Losing This Week

4. Ecopetrol S.A. (NYSE:EC)

Share Price Decline Between Apr. 22 and Apr. 29: 8.19%

Ecopetrol S.A. (NYSE:EC) is among the largest companies in Colombia and one of the leading integrated energy groups on the American continent, present in nine countries.

Ecopetrol S.A. (NYSE:EC) recently suffered a setback after the global oil giant, Shell, pulled out of three offshore gas projects in Colombia’s Caribbean that it owns together with the Colombian state-run oil company. Shell’s exit aligns with its global portfolio strategy and management, while Ecopetrol is now evaluating options to sustain these projects over time.

The share price of Ecopetrol S.A. (NYSE:EC) has plunged by over 36% since the beginning of 2025.